Bloom Energy Corp (NYSE:BE) shares are trading lower Friday. The move comes as major indices face selling pressure. The Nasdaq Composite has dropped 1.09%, while the S&P 500 has shed 1.06%.

Broader Market Headwinds

The decline in Bloom Energy follows a period of significant outperformance. The stock remains up 62.84% year to date. Investors appear to be locking in profits as macroeconomic sentiment shifts.

AI Data Center Demand

Despite Friday’s slide, Bloom's fundamental narrative remains tied to AI infrastructure. Data centers use Bloom's solid oxide fuel cells to bypass utility grid delays. These systems provide 24/7 power using natural gas, biogas, and hydrogen. The company positions this technology as a primary power layer for next-generation facilities.

Backlog and Revenue Outlook

Bloom recently reported record 2025 revenue of $2.02 billion. Its product backlog swelled 140% year-over-year to $6 billion. The total backlog currently sits near $20 billion. Management expects 2026 revenue to land between $3.1 billion and $3.3 billion.

Short Interest Dynamics

Recent data shows short interest in Bloom Energy decreased from 22.47 million to 22.04 million shares. Currently, 10.43% of the company’s float is sold short. Based on average volume, shorts would need 2.18 days to cover their positions.

Technical Analysis

Bloom is trading 1.8% above its 20-day simple moving average (SMA) and 25% above its 100-day SMA, keeping the intermediate trend pointed higher even as Friday's session leans defensive.

Shares are up 532.31% over the past 12 months and are currently positioned closer to their 52-week highs than lows.

The RSI is at 56.66, which sits in neutral territory. Meanwhile, MACD is at 2.8936 and below its signal line at 3.0205.

  • Key Resistance: $176.50
  • Key Support: $131.50

BE Stock Price Activity: Bloom Energy shares were down 3.87%% at $160.24 at the time of publication on Friday, according to Benzinga Pro data.

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